June 4, 2014 AT 12:34 am

Bitcoin is back: Price quietly jumps 80% from April low

Bitcoin, the controversial cryptocurrency, finally may be back in investors’ good graces: It’s up more than 80 percent from its April lows on a wave of good news and wider acceptance. The price of a bitcoin hit a low of $360 in April and had been hovering around $450 since April 25. But it started breaking away on May 20. It now sits at $665, according to CoinDesk.